- Issuer
- L&G
- Inception Date
- Dec 9, 2021
- Category
- Corporate Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF GBP Hedged Distributing
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
EMDH.L Performance Chart
L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF GBP Hedged Distributing (EMDH.L) is down 1.8% since the beginning of the year. EMDH.L is currently trading at £9 per share.
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Returns By Period
L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF GBP Hedged Distributing (EMDH.L) has returned -1.83% so far this year and 2.22% over the past 12 months.
L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF GBP Hedged Distributing
- 1D
- -0.29%
- 1M
- -0.42%
- 6M
- -2.12%
- YTD
- -1.83%
- 1Y
- 2.22%
- 3Y*
- 4.88%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.66%
- 1M
- -0.64%
- 6M
- 8.66%
- YTD
- 10.17%
- 1Y
- 19.99%
- 3Y*
- 17.60%
- 5Y*
- 12.23%
- 10Y*
- 13.06%
EMDH.L Monthly Returns History
Based on dividend-adjusted daily data since Dec 9, 2021, EMDH.L's average daily return is 0.00%, while the average monthly return is +0.08%. At this rate, an investment would double in approximately 72.2 years.
Historically, 61% of months were positive and 39% were negative. The best month was Nov 2022 with a return of +5.6%, while the worst month was Sep 2022 at -4.5%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 6 months.
On a daily basis, EMDH.L closed higher 52% of trading days. The best single day was Feb 25, 2022 with a return of +2.9%, while the worst single day was Feb 24, 2022 at -2.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -2.28% | 0.74% | -2.00% | 1.79% | 0.08% | 0.22% | -0.33% | -1.83% | |||||
| 2025 | 0.80% | 1.46% | -0.01% | -0.45% | 0.50% | 1.24% | 0.91% | 1.22% | 0.71% | 0.76% | 0.07% | 0.33% | 7.78% |
| 2024 | 0.55% | 0.08% | 1.05% | -1.42% | 1.56% | 0.76% | 1.17% | 1.77% | 0.91% | -1.26% | 0.73% | -0.59% | 5.38% |
| 2023 | 2.71% | -2.06% | 0.52% | 0.84% | -1.06% | 0.69% | 0.72% | -0.62% | -1.03% | -1.12% | 3.57% | 2.61% | 5.73% |
| 2022 | -1.80% | -3.71% | -1.38% | -3.04% | -0.49% | -3.35% | 1.59% | -0.71% | -4.51% | -2.33% | 5.57% | 1.38% | -12.44% |
| 2021 | 0.25% | 0.25% |
Benchmark Metrics
L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF GBP Hedged Distributing has an annualized alpha of 1.10%, beta of 0.03, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since December 09, 2021.
- This ETF participated in 34.48% of S&P 500 Index downside but only 20.27% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.03 may look defensive, but with R2 of 0.01 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.01 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 1.10%
- Beta
- 0.03
- R²
- 0.01
- Upside Capture
- 20.27%
- Downside Capture
- 34.48%
Expense Ratio
EMDH.L has an expense ratio of 0.38%, placing it in the medium range.
Return for Risk
Risk / Return Rank
EMDH.L ranks 17 for risk / return — in the bottom 17% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF GBP Hedged Distributing (EMDH.L) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EMDH.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.17 | ||
| Sortino ratioReturn per unit of downside risk | -1.60 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.31 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.46 | 2.50 | -2.04 |
| Martin ratioReturn relative to average drawdown | 1.17 | 9.11 | -7.94 |
Dividends
Dividend History
L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF GBP Hedged Distributing provided a 2.68% dividend yield over the last twelve months, with an annual payout of £0.23 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | £0.23 | £0.47 | £0.43 | £0.39 | £0.20 |
Dividend yield | 2.68% | 5.29% | 4.90% | 4.53% | 2.36% |
Monthly Dividends
The table displays the monthly dividend distributions for L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF GBP Hedged Distributing. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | |||||
| 2025 | £0.24 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.23 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.47 |
| 2024 | £0.20 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.23 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.43 |
| 2023 | £0.20 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.20 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.39 |
| 2022 | £0.02 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.18 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.20 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF GBP Hedged Distributing. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF GBP Hedged Distributing was 18.65%, occurring on Oct 24, 2022. Recovery took 662 trading sessions.
The current L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF GBP Hedged Distributing drawdown is 2.12%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-18.65%Oct 2022 | 10mo 12d | 2y 7mo | 3y 5moDec 2021 - Jun 2025 | Bear market2022 |
-4.44%Mar 2026 | 2mo 11d | — | 6mo 2dJan 2026 - now | — |
-0.80%Oct 2025 | 24d | 10d | 1mo 4dSep 2025 - Oct 2025 | — |
-0.55%Dec 2025 | 11d | 10d | 21dNov 2025 - Dec 2025 | — |
-0.44%Nov 2025 | 6d | 20d | 26dOct 2025 - Nov 2025 | — |
Drawdown Indicators
| EMDH.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.65% | -37.07% | +18.42% |
Max Drawdown (1Y)Largest decline over 1 year | -4.44% | -8.03% | +3.59% |
Max Drawdown (3Y)Largest decline over 3 years | -4.44% | -22.15% | +17.71% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.15% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.01% | — |
Current DrawdownCurrent decline from peak | -2.12% | -1.42% | -0.70% |
Average DrawdownAverage peak-to-trough decline | -6.27% | -5.29% | -0.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 2.20% | -0.43% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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